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Nichi-Iko Achieves Double Digit Increase In Sales And Profit

This article was originally published in PharmAsia News

Executive Summary

Nichi-Iko announced annual financial results for 2008, and the company's sales increased by 32.5 percent to ¥42.84 billion. Business profit increased by 24.1 percent to ¥30.95 billion, current earnings increased by 21.7 percent to ¥5.44 billion, and net profit increased by 31.5 percent to ¥3.44 billion. The numbers set new records for the company. Nichi-Iko also gained in market share, sales from wholesaler distribution increased by 40.9 percent to ¥30.9 billion. The company estimates a growing generic market and strong business results for 2009. (Click here for more - Japanese language
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